Prof. Luis Cabral on austerity measures in Portugal

— April 8, 2013

Excerpt from The New York Times -- "'Luis Cabral, a Portuguese economist and professor at New York University, said the court still went beyond a legal ruling and delivered what amounted to 'a significant political statement,' which means that 'effectively, government expenditure cannot be reduced.' In terms of Portugal’s budgetary commitments, Mr. Cabral added, 'when you put it all together, it’s clear that things do not add up.'"